Mccormick (MKC) Tax Rate (2009 - 2026)
Mccormick's (MKC) quarterly Tax Rate came in at 28.84% in Q2 2026, up 474.0% on a YoY basis from 5.02% in Q2 2025, and up 9.55% quarter-over-quarter from 26.32% in Q1 2026.
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Mccormick (MKC) Tax Rate (2009 - 2026) Analysis & Trends
Mccormick (MKC) has reported Tax Rate for 18 consecutive years, with 28.84% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 474.0% year-over-year to 28.84%; the trailing twelve-month figure through May 2026 stood at 23.42% (up 133.0% YoY), and the FY2025 full-year result was 21.45%, up 96.0% from the prior year.
- Tax Rate rose to 28.84% in Q2 2026 per MKC's latest filing, from 26.32% in the prior quarter.
- Across five years, Tax Rate topped out at 28.84% in Q2 2026 and bottomed at 13.53% in Q2 2024.
- Historically, Tax Rate has averaged 21.69% across 5 years, with a median of 22.14% in 2023.
- The sharpest annual moves came in 2022 and 2025: Tax Rate slumped 918 bps in 2022, then jumped 1056 bps in 2025.
- Over 5 years, Tax Rate stood at 23.3% in 2022, then retreated by 5 bps to 22.16% in 2023, then advanced by 15 bps to 25.44% in 2024, then retreated by 6 bps to 23.94% in 2025, then advanced by 20 bps to 28.84% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 28.84%, 26.32%, and 23.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 28.99 Bn | 26.31 Bn | 2.03 Bn | 14.37% |
| 2 | General Mills | 19.31 Bn | 18.86 Bn | 1.60 Bn | 10.77% |
| 3 | Mccormick | 13.77 Bn | 13.44 Bn | 778.20 Mn | 28.84% |
| 4 | J M Smucker | 13.03 Bn | 12.99 Bn | 979.60 Mn | 24.21% |
| 5 | Hormel Foods | 11.44 Bn | 10.58 Bn | 471.52 Mn | 42.30% |
| 6 | Chewy | 8.70 Bn | 8.18 Bn | 1.01 Bn | 27.80% |
| 7 | Conagra Brands | 7.05 Bn | 6.83 Bn | 704.10 Mn | 30.73% |
| 8 | Lamb Weston Holdings | 6.59 Bn | 6.52 Bn | 361.40 Mn | 11.46% |
| 9 | Campbell'S | 6.24 Bn | 5.83 Bn | 650.00 Mn | 22.01% |
| 10 | Post Holdings | 3.61 Bn | 3.35 Bn | 566.30 Mn | 26.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 28.84% |
| Feb 28, 2026 | 26.32% |
| Nov 30, 2025 | 23.94% |
| Aug 31, 2025 | 15.85% |
| May 31, 2025 | 24.10% |
| Feb 28, 2025 | 22.31% |
| Nov 30, 2024 | 25.44% |
| Aug 31, 2024 | 16.65% |
| May 31, 2024 | 13.53% |
| Feb 29, 2024 | 25.53% |
| Nov 30, 2023 | 22.16% |
| Aug 31, 2023 | 21.41% |
| May 31, 2023 | 22.13% |
| Feb 28, 2023 | 21.57% |
| Nov 30, 2022 | 23.30% |
| Aug 31, 2022 | 21.59% |
| May 31, 2022 | 16.72% |
| Feb 28, 2022 | 19.11% |
| Nov 30, 2021 | 23.05% |
| Aug 31, 2021 | 13.42% |